You purchase a product, but it doesn’t work or you don’t even get it. So you open a chargeback. How are banks able to just claw back the money you’ve sent?
In: Economics
When we get a chargeback it is deducted straight from our merchant account. Then we have 21 days to appeal it. I’ve won every appeal I’ve done. (5 in 6 years). We have contracts with our customers so once I send in the contract and the signed delivery receipts we get the money back.
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